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Bombardier Reports Fourth Quarter and Full Year 2016 Results

- Consolidated earnings and cash performance(1) exceeded 2016 guidance

MONTREAL, QUEBEC -- (Marketwired) -- 02/16/17 -- Bombardier (TSX: BBD.A)(TSX: BBD.B)(OTCQX: BDRBF) today reported its fourth quarter and full year 2016 results. The Company also affirmed its guidance for 2017 and highlighted another quarter of solid performance as it executes its turnaround plan.

"Our turnaround plan is in full motion," said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. "In 2016, Bombardier delivered on its financial commitments. We met our program milestones and we've positioned the Company to achieve all of the financial goals in our five-year turnaround plan, including being cash flow break-even in 2018."

On a consolidated basis, Bombardier exceeded its 2016 guidance range for EBIT before special items(3); improved its year-over-year cash performance by $778 million; and delivered approximately 200 basis points of margin improvement at its Transportation, Business Aircraft and Aerostructures segments. With the successful refinancing of $1.4 billion of senior notes in the fourth quarter, the Company also successfully completed the de-risking phase of its turnaround plan in 2016, securing the liquidity necessary to fully execute the final two phases of the plan: building earnings and cash flow and de-leveraging its balance sheet.

Further highlighting the Company's progress in the fourth quarter was the successful entry-into-service of the CS300 aircraft with airBaltic, which followed the strong performance of the CS100 aircraft with SWISS since starting commercial operations over six months ago. Bombardier's all-new, class-defining, ultra-long range business jet, the Global 7000, also began flight testing in the fourth quarter and remains on schedule to enter service in the second half of 2018.

"As we begin 2017, we are confident in our strategy, our turnaround plan and in our ability to unleash the full value of the Bombardier portfolio," Bellemare continued. "We remain focused on improving operational efficiency, flawlessly ramping up our new programs and maintaining a disciplined and proactive approach to deliver value to customers and shareholders in any market environment."

For 2017, as per guidance introduced in December 2016, the Company expects to resume revenue growth in the low-single digits, driven by an increase in Transportation revenues and an acceleration of C Series aircraft deliveries. EBIT before special items for 2017 is forecast to increase by 35% at the mid-point of the $530 million to $630 million range, with margins improving across all business segments. Free cash flow usage should continue to improve by up to $300 million, falling in the range of $750 million to $1.0 billion as the Company continues to come down the learning curve on the C Series aircraft.

Selected results


----------------------------------------------------------------------------
For the fiscal years ended December 31                    2016        2015
----------------------------------------------------------------------------
Revenues                                             $  16,339   $  18,172
EBIT                                                 $     (58)  $  (4,838)
EBIT margin                                               (0.4)%     (26.6)%
EBIT before special items                            $     427   $     554
EBIT margin before special items(3)                        2.6%        3.0%
EBITDA before special items(3)                       $     798   $     992
EBITDA margin before special items(3)                      4.9%        5.5%
Net loss                                             $    (981)  $  (5,340)
Diluted EPS (in dollars)                             $   (0.48)  $   (2.58)
Adjusted net income (loss)(3)                        $    (268)  $     326
Adjusted EPS (in dollars)(3)                         $   (0.15)  $    0.14
Net additions to PP&E and intangible assets          $   1,201   $   1,862
Free cash flow usage(3)                              $  (1,064)  $  (1,842)
============================================================================
As at December 31                                         2016        2015
----------------------------------------------------------------------------
Available short-term capital resources(2)            $   4,477   $   4,014
============================================================================




----------------------------------------------------------------------------
For the fourth quarters ended December 31                  2016       2015
----------------------------------------------------------------------------
Revenues                                             $    4,380  $   5,017
EBIT                                                 $       74  $    (657)
EBIT margin                                                 1.7%     (13.1)%
EBIT before special items                            $      104  $      16
EBIT margin before special items                            2.4%       0.3%
EBITDA before special items                          $      203  $     139
EBITDA margin before special items                          4.6%       2.8%
Net loss                                             $     (259) $    (677)
Diluted EPS (in dollars)                             $    (0.12) $   (0.31)
Adjusted net income (loss)                           $     (141) $       9
Adjusted EPS (in dollars)                            $    (0.07) $    0.00
Net additions to PP&E and intangible assets          $      327  $     543
Free cash flow(3)                                    $      496  $     527
============================================================================
All amounts in this press release are in U.S. dollars, unless otherwise
indicated.
Amounts in tables are in millions except per share amounts, unless otherwise
indicated.

SEGMENTED RESULTS AND HIGHLIGHTS

Business Aircraft


----------------------------------------------------------------------------
For the fiscal years ended December
 31                                          2016        2015     Variance
----------------------------------------------------------------------------
Revenues                              $     5,741  $    6,996          (18)%
Aircraft deliveries (in units)                163         199          (36)
Net orders (in units)                         114         (24)         138
Book-to-bill ratio(4)                         0.7         nmf          nmf
EBIT                                  $       477  $   (1,252)         nmf
EBIT margin                                   8.3%      (17.9)%        nmf
EBIT before special items             $       369  $      308           20%
EBIT margin before special items              6.4%        4.4%     200 bps
EBITDA before special items           $       528  $      492            7%
EBITDA margin before special items            9.2%        7.0%     220 bps
Net additions to PP&E and intangible
 assets                               $       721  $      722            -%
============================================================================
As at December 31                            2016        2015
----------------------------------------------------------------------------
Order backlog (in billions of
 dollars)                             $      15.4  $     17.2          (10)%
============================================================================

--  Business Aircraft's 2016 financial performance exceeded guidance on all
    fronts, delivering a total of 163 aircraft, while reaching revenues of
    $5.7 billion and EBIT margins before special items of 6.4%, a 200-basis
    point improvement over the prior year.
--  Financial results for 2016 demonstrated our continued focus on driving
    sustainable margin expansion through increasing production efficiency,
    transforming our cost structure, improving our production agility and
    the enhancement to our pre-owned aircraft business.
--  We also made significant progress on the development of the Global 7000
    and Global 8000 aircraft program, setting the standard for a new
    category of large business jets. We successfully completed, on November
    4, 2016, the maiden flight of the first Global 7000 FTV, dedicated to
    testing basic system functionality and assessing the handling and flying
    qualities of the aircraft. The Global 7000 aircraft is the first and
    only clean-sheet business jet with four living spaces. Engineered with a
    next-generation transonic wing design, the aircraft offers a steep
    approach capability and short field performance, coupled with highly
    efficient engines, the largest cabin in this category and a highly
    advanced cockpit.(5)

Commercial Aircraft


----------------------------------------------------------------------------
For the fiscal years ended December 31      2016        2015      Variance
----------------------------------------------------------------------------
Revenues                               $   2,617   $   2,395             9%
Aircraft deliveries (in units)                86          76            10
Net orders (in units)                        161          51           110
Book-to-bill ratio(4)                        1.9         0.7           1.2
EBIT                                   $    (903)  $  (3,970)          nmf
EBIT margin                                (34.5)%       nmf           nmf
EBIT before special items              $    (417)  $    (170)         (145)%
EBIT margin before special items           (15.9)%      (7.1)%   (880) bps
EBITDA before special items            $    (353)  $     (66)          nmf
EBITDA margin before special items         (13.5)%      (2.8)%  (1070) bps
Net additions to PP&E and intangible
 assets                                $     392   $     963           (59)%
============================================================================
As at December 31                           2016        2015
----------------------------------------------------------------------------
Order backlog (in units)                     436         361            75
============================================================================


--  Commercial aircraft's financial performance for 2016 was marked by the
    production ramp-up and the start of the revenue-generating phase of the
    C Series aircraft program. Revenues and deliveries were in line with
    guidance. The EBIT loss compares favourably relative to guidance,
    stemming from strong execution while ramping up production and cost
    control during the initial months following EIS and supported by the
    reliability of the aircraft in service. Our focus is now on improving
    efficiency while ramping up to full production, continuing to increase
    our order backlog, delivering the C Series aircraft and providing
    customer support.
--  Commercial Aircraft reached a historic milestone in 2016 as it certified
    and brought to market both variants of the C Series aircraft, the first
    all-new clean-sheet designed family of single-aisle aircraft in the 100-
    to 150-seat segment in nearly 30 years. With a total of seven aircraft
    delivered by year end, both the CS100 and CS300 aircraft are delivering
    on their operating cost advantage, superior operating flexibility,
    exceptional performance and range, as well as passenger comfort.
--  During the year, significant orders solidified the C Series aircraft
    program in the 100- to 150-seat category. A total of 129 firm orders and
    80 options were added to the backlog, from Delta Air Lines, Air Canada,
    airBaltic and Air Tanzania, with a combined value of $10.1 billion at
    list prices.
--  During the year, we closed the $1.0-billion equity investment by the
    Government of Quebec (through Investissement Quebec) in return for a
    49.5% equity stake in a newly-created limited partnership, the C Series
    Aircraft Limited Partnership (CSALP), which carries on the operations
    related to our C Series aircraft program and continues to be
    consolidated in our financial results.

Aerostructures and Engineering Services


----------------------------------------------------------------------------
For the fiscal years ended December 31         2016        2015   Variance
----------------------------------------------------------------------------
Revenues                                 $    1,549  $    1,797        (14)%
External order intake                           392         474        (17)%
External book-to-bill ratio(6)                  0.9         0.9          -
EBIT                                     $      128  $      105         22%
EBIT margin                                     8.3%        5.8%   250 bps
EBIT before special items                $      124  $      104         19%
EBIT margin before special items                8.0%        5.8%   220 bps
EBITDA before special items              $      175  $      154         14%
EBITDA margin before special items             11.3%        8.6%   270 bps
Net additions to PP&E and intangible
 assets                                  $       20  $       26        (23)%
============================================================================
As at December 31                              2016        2015
----------------------------------------------------------------------------
External order backlog                   $       42  $       80        (48)%
============================================================================


--  We achieved revenue and profitability(1) in line with guidance for 2016.
    Margin expansion was driven by strong execution of our transformation
    initiatives, aiming to optimize our operations.

Bombardier Transportation


----------------------------------------------------------------------------
For the fiscal years ended December 31         2016        2015   Variance
----------------------------------------------------------------------------
Revenues                                 $    7,574  $    8,281         (9)%
Order intake (in billions of dollars)    $      8.5  $      8.8         (3)%
Book-to-bill ratio(7)                           1.1         1.1          -
EBIT                                     $      396  $      465        (15)%
EBIT margin                                     5.2%        5.6%  (40) bps
EBIT before special items                $      560  $      465         20%
EBIT margin before special items                7.4%        5.6%   180 bps
EBITDA before special items              $      657  $      564         16%
EBITDA margin before special items              8.7%        6.8%   190 bps
Net additions to PP&E and intangible
 assets                                  $      116  $      155        (25)%
============================================================================
As at December 31                              2016        2015
----------------------------------------------------------------------------
Order backlog (in billions of dollars)   $     30.1  $     30.4         (1)%
============================================================================



--  Our operational transformation is gaining traction. During 2016, the
    EBIT margin before special items of 7.4% exceeded our guidance. Our 2016
    revenues of $7.6 billion are lower than guidance, which is mainly
    attributed to our active project management resulting in the continued
    deferral of certain revenue under long-term contract accounting.
--  Strong order intake of $8.5 billion across all product segments and
    geographic regions led to a book-to-bill ratio of 1.1 for the fiscal
    year and brought the backlog to $30.1 billion at year end.
--  On February 11, 2016, we closed the sale to the CDPQ of a $1.5-billion
    equity investment in convertible shares representing a 30% stake in
    Bombardier Transportation (Investment) UK Limited (BT Holdco), which,
    following the completion of a corporate reorganization, owns essentially
    all of the assets and liabilities of Bombardier's Transportation
    business segment. BT Holdco continues to be controlled by Bombardier
    Inc. and consolidated in its results.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2016, we posted revenues of $16.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier Inc. uses its website as a channel of distribution for material company information. Financial and other material information regarding Bombardier Inc. is routinely posted on its website and accessible at bombardier.com. Investors are hereby notified information about regular dividends declared and paid by Bombardier is only made available through its website, unless otherwise required by applicable securities laws.

Bombardier, CS100, CS300, C Series, Global, Global 7000 and Global 8000 are trademarks of Bombardier Inc. or its subsidiaries.

Readers are strongly advised to view a more detailed discussion of our results by segment in our Management's Discussion and Analysis and Consolidated financial statements which are posted on our website at ir.bombardier.com.


bps: basis points
nmf: information not meaningful
(1) Earnings, profitability, margin and operating margin refer to EBIT
before special items or EBIT margin before special items. Cash performance
refers to free cash flow usage. Non-GAAP financial measures. See Caution
regarding non-GAAP measures at the end of this press release.
(2) Defined as cash and cash equivalents plus the amount available under the
Corporation's revolving credit facilities.
(3) Non-GAAP financial measures. See Caution regarding non-GAAP measures at
the end of this press release.
(4) Ratio of net orders received over aircraft deliveries, in units.
(5) See the Global 7000 and Global 8000 aircraft program disclaimer in the
MD&A of the Corporation's financial report for the fiscal year ended
December 31, 2016.
(6) Ratio of new external orders over external revenues.
(7) Ratio of new orders over revenues.



CAUTION REGARDING NON-GAAP MEASURES

This press release is based on reported earnings in accordance with International Financial Reporting Standards (IFRS). Reference to generally accepted accounting principles (GAAP) means IFRS, unless indicated otherwise. This press release is also based on non-GAAP financial measures including EBITDA, EBIT before special items and EBITDA before special items, adjusted net income, adjusted earnings per share and free cash flow. These non-GAAP measures are mainly derived from the consolidated financial statements but do not have standardized meanings prescribed by IFRS; therefore, others using these terms may define them differently. Management believes that providing certain non-GAAP performance measures, in addition to IFRS measures, provides users of our Financial Report with enhanced understanding of our results and related trends and increases the transparency and clarity of the core results of our business. Refer to the Non-GAAP financial measures and Liquidity and capital resources sections in Overview and each reporting segments' Analysis of results sections in the Corporation's MD&A for definitions of these metrics and reconciliations to the most comparable IFRS measures.


Reconciliation of segment to consolidated results
============================================================================
                                    Fourth quarters            Fiscal years
                                  ended December 31       ended December 31
----------------------------------------------------------------------------
                                   2016        2015        2016        2015
----------------------------------------------------------------------------
Revenues
  Business Aircraft          $    1,651  $    2,086  $    5,741  $    6,996
  Commercial Aircraft               699         644       2,617       2,395
  Aerostructures and
   Engineering Services             319         443       1,549       1,797
  Transportation                  1,948       2,164       7,574       8,281
  Corporate and Elimination        (237)       (320)     (1,142)     (1,297)
----------------------------------------------------------------------------
                             $    4,380  $    5,017  $   16,339  $   18,172
============================================================================
EBIT before special items
  Business Aircraft          $      100  $       28  $      369  $      308
  Commercial Aircraft              (141)        (87)       (417)       (170)
  Aerostructures and
   Engineering Services              30          (9)        124         104
  Transportation                    181         123         560         465
  Corporate and Elimination         (66)        (39)       (209)       (153)
----------------------------------------------------------------------------
                             $      104  $       16  $      427  $      554
----------------------------------------------------------------------------
Special Items
  Business Aircraft          $        1  $      380  $     (108) $    1,560
  Commercial Aircraft                 3         240         486       3,800
  Aerostructures and
   Engineering Services               6           -          (4)         (1)
  Transportation                     20           -         164           -
  Corporate and Elimination           -          53         (53)         33
----------------------------------------------------------------------------
                             $       30  $      673  $      485  $    5,392
----------------------------------------------------------------------------
EBIT
  Business Aircraft          $       99  $     (352) $      477  $   (1,252)
  Commercial Aircraft              (144)       (327)       (903)     (3,970)
  Aerostructures and
   Engineering Services              24          (9)        128         105
  Transportation                    161         123         396         465
  Corporate and Elimination         (66)        (92)       (156)       (186)
----------------------------------------------------------------------------
                             $       74  $     (657) $      (58) $   (4,838)
============================================================================
Supplemental information
  Adjusted net income        $     (141) $        9  $     (268) $      326
  Adjusted EPS               $    (0.07) $        -  $    (0.15) $     0.14
  Free cash flow usage       $      496  $      527  $   (1,064) $   (1,842)
============================================================================



Reconciliation of EBITDA before special items and EBITDA to EBIT
============================================================================

                                     Fourth quarters           Fiscal years
                                   ended December 31      ended December 31
----------------------------------------------------------------------------
                                      2016      2015      2016         2015
----------------------------------------------------------------------------
EBIT                              $     74 $    (657) $    (58) $    (4,838)
Amortization                            99       123       371          438
Impairment charges on PP&E and
 intangible assets(1)                   10       296        10        4,300
----------------------------------------------------------------------------
EBITDA                                 183      (238)      323         (100)

Special items excluding
 impairment charges on PP&E and
 intangible assets(1)                   20       377       475        1,092
----------------------------------------------------------------------------
EBITDA before special items       $    203 $     139  $    798  $       992
============================================================================



Reconciliation of adjusted net income (loss) to net loss and computation of
adjusted EPS
============================================================================
                                           Fourth quarters ended December 31
----------------------------------------------------------------------------
                                              2016                      2015
----------------------------------------------------------------------------
                                       (per share)               (per share)
----------------------------------------------------------------------------
Net loss                  $     (259)              $      (677)
  Adjustments to EBIT
   related to special
   items(1)                       30  $       0.01         673  $       0.30
  Adjustments to net
   financing expense
   related to:
    Loss on repurchase of
     long-term debt(1)            86          0.04           -             -
    Accretion on net
     retirement benefit
     obligations                  16          0.01          17          0.01
    Net change in
     provisions arising
     from changes in
     interest rates and
     net loss on certain
     financial
     instruments                 (12)        (0.01)         (5)         0.00
  Tax impact of
   special(1) and other
   adjusting items                (2)         0.00           1          0.00
----------------------------------------------------------------------------
Adjusted net income
 (loss)                   $     (141)              $         9
============================================================================
Net (income) loss
 attributable to NCI               8                        (2)
Preferred share
 dividends, including
 taxes                           (14)                       (2)
----------------------------------------------------------------------------
Adjusted net income
 (loss) attributable to
 equity holders of
 Bombardier Inc.                (147)                        5
============================================================================
Weighted-average diluted
 number of common shares
 (in thousands)                          2,194,304                 2,221,868
============================================================================
Adjusted EPS                          $      (0.07)             $       0.00
============================================================================





Reconciliation of adjusted net income (loss) to net loss and computation of
 adjusted EPS
============================================================================
                                              Fiscal years ended December 31
----------------------------------------------------------------------------
                                             2016                       2015
----------------------------------------------------------------------------
                                      (per share)                (per share)
----------------------------------------------------------------------------
Net loss                $      (981)            $       (5,340)
  Adjustments to EBIT
   related to special
   items(1)                     485  $       0.22        5,392  $       2.59
  Adjustments to net
   financing expense
   related to:
    Loss on repurchase
     of long-term
     debt(1)                     86          0.04           22          0.01
    Accretion on net
     retirement benefit
     obligations                 66          0.03           72          0.03
    Net change in
     provisions arising
     from changes in
     interest rates and
     net loss (gain) on
     certain financial
     instruments(1)              63          0.03           75          0.04
    Interest portion of
     gains related to
     special items(1)            26          0.01            -             -
    Transaction costs
     related to the
     conversion option
     embedded in the
     CDPQ investment(1)           8          0.01            -             -
Tax impact of
 special(1) and other
 adjusting items                (21)        (0.01)         105          0.05
----------------------------------------------------------------------------
Adjusted net income
 (loss)                        (268)                       326
  Net (income) loss
   attributable to NCI          (41)                        (7)
  Preferred share
   dividends, including
   taxes                        (32)                       (23)
----------------------------------------------------------------------------
Adjusted net income
 (loss) attributable to
 equity holders of
 Bombardier Inc.               (341)                       296
============================================================================
Weighted-average
 diluted number of
 common shares (in
 thousands)                             2,212,547                  2,082,683
============================================================================
Adjusted EPS                         $      (0.15)              $       0.14
============================================================================



Computation of diluted EPS
============================================================================
                                Fourth quarters                Fiscal years
                              ended December 31           ended December 31
----------------------------------------------------------------------------
                             2016          2015          2016          2015
----------------------------------------------------------------------------
Net loss attributable
 to equity holders of
 Bombardier Inc.       $     (251) $       (679) $     (1,022) $     (5,347)
Preferred share
 dividends, including
 taxes                        (14)           (2)          (32)          (23)
----------------------------------------------------------------------------

Net loss attributable
 to common equity
 holders of Bombardier
 Inc.                  $     (265) $       (681) $     (1,054) $     (5,370)
============================================================================
Weighted-average
 diluted number of
 common shares (in
 thousands of shares)   2,194,304     2,221,868     2,212,547     2,082,683
============================================================================
Diluted EPS (in
 dollars)              $    (0.12) $      (0.31) $      (0.48) $      (2.58)
============================================================================



Reconciliation of adjusted EPS to diluted EPS (in dollars)
============================================================================
                                          Fourth quarters ended December 31
----------------------------------------------------------------------------
                                                         2016          2015
----------------------------------------------------------------------------
Diluted EPS                                      $      (0.12) $      (0.31)
Impact of special(1) and other adjusting items           0.05          0.31
----------------------------------------------------------------------------
Adjusted EPS                                     $      (0.07) $       0.00
============================================================================
Reconciliation of adjusted EPS to diluted EPS (in dollars)
----------------------------------------------------------------------------
                                             Fiscal years ended December 31
----------------------------------------------------------------------------
                                                        2016           2015
----------------------------------------------------------------------------
Diluted EPS                                    $       (0.48) $       (2.58)
Impact of special(1) and other adjusting items          0.33           2.72
----------------------------------------------------------------------------
Adjusted EPS                                   $       (0.15) $        0.14
============================================================================
(1) Refer to the Consolidated results of operations section in the MD&A of
    the Corporation's financial report for the fiscal year ended December
    31, 2016 for details regarding special items.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements, which may involve, but are not limited to: statements with respect to the Corporation's objectives, guidance, targets, goals, priorities, market and strategies, financial position, beliefs, prospects, plans, expectations, anticipations, estimates and intentions; general economic and business outlook, prospects and trends of an industry; expected growth in demand for products and services; product development, including projected design, characteristics, capacity or performance; expected or scheduled entry-into-service of products and services, orders, deliveries, testing, lead times, certifications and project execution in general; competitive position; the expected impact of the legislative and regulatory environment and legal proceedings on the Corporation's business and operations; available liquidities and ongoing review of strategic and financial alternatives; the impact and expected benefits of the investment by the Government of Quebec in the C Series Aircraft Limited Partnership and of the private placement of a minority stake in Transportation by the CDPQ on our operations, infrastructure, opportunities, financial condition, access to capital and overall strategy; and the impact of such investments on our balance sheet and liquidity position.

Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "shall", "can", "expect", "estimate", "intend", "anticipate", "plan", "foresee", "believe", "continue", "maintain" or "align", the negative of these terms, variations of them or similar terminology. By their nature, forward-looking statements require management to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecast results set forth in forward-looking statements. While management considers these assumptions to be reasonable and appropriate based on information currently available, there is risk that they may not be accurate.

Certain factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, risks associated with general economic conditions, risks associated with our business environment (such as risks associated with the financial condition of the airline industry, business aircraft customers, and the rail industry; trade policy; increased competition; political instability and force majeure), operational risks (such as risks related to developing new products and services; development of new business; the certification and homologation of products and services; fixed-price and fixed-term commitments and production and project execution; pressures on cash flows based on project-cycle fluctuations and seasonality; our ability to successfully implement and execute our strategy and transformation plan; doing business with partners; product performance warranty and casualty claim losses; regulatory and legal proceedings; the environment; dependence on certain customers and suppliers; human resources; reliance on information systems; reliance on and protection of intellectual property rights; and adequacy of insurance coverage), financing risks (such as risks related to liquidity and access to capital markets; retirement benefit plan risk; exposure to credit risk; substantial existing debt and interest payment requirements; certain restrictive debt covenants and minimum cash levels; financing support provided for the benefit of certain customers; and reliance on government support), market risks (such as risks related to foreign currency fluctuations; changing interest rates; decreases in residual values; increases in commodity prices; and inflation rate fluctuations). For more details, see the Risks and uncertainties section in Other in the Management's Discussion and Analysis (MD&A) of the Corporation's financial report for the fiscal year ended December 31, 2016. For additional information with respect to the assumptions underlying the forward-looking statements made in this press release, refer to the Guidance and forward-looking statements sections in Overview, Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation in the MD&A of the Corporation's financial report for the fiscal year ended December 31, 2016.

Readers are cautioned that the foregoing list of factors that may affect future growth, results and performance is not exhaustive and undue reliance should not be placed on forward-looking statements. The forward-looking statements set forth herein reflect management's expectations as at the date of this press release and are subject to change after such date. Unless otherwise required by applicable securities laws, the Corporation expressly disclaims any intention, and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Contacts:
Simon Letendre
Senior Advisor,
Media Relations and Public Affairs
Bombardier Inc.
+514 861 9481

Patrick Ghoche
Vice President,
Investor Relations
Bombardier Inc.
+514 861 5727

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Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...